Section 112A of Income-tax Act 1961 – FA, 2018 Tax on interest on National Savings Certificates (First Issue). 112A. [Omitted by the Finance Act, 1988, w.e.f. 1-4-1989. Original section 112A was inserted by the Finance (No. 2) Act, 1965, w.e.f. 11-9-1965 and later on amended by the Finance Act, 1966, w.e.f. 1-4-1966, Finance (No. 2) Act,… Read More »
Section 80PA of Income Tax Act (As per Finance Act 2018 : section 80PA of Income Tax Act shall be inserted with effect from the 1st day of April, 2019 ) Deduction in respect of certain income of Producer Companies. 80PA. (1) Where the gross total income of an assessee, being a Producer Company having a… Read More »
Section 145 of Finance Act 2018 [Section 145 of Finance Act 2018 deals with Amendment of section 8AC and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 8AC 145. In the principal Act, in section 8AC, in sub-section (2), the words, brackets and figures “before the commencement of the Salary, Allowances and Pension of Members of Parliament… Read More »
Section 144 of Finance Act 2018 [Section 144 of Finance Act 2018 deals with Amendment of section 8A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 8A 144. In the principal Act, in section 8A, in sub-section (1),— (a) for the words “twenty thousand rupees”, the words “twenty-five thousand rupees” shall be substituted; (b) in the… Read More »
Section 143 of Finance Act 2018 [Section 143 of Finance Act 2018 deals with Amendment of section 4 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 4 143. In the principal Act, in section 4, in sub-section (1),— (i) clause (a) shall be omitted; (ii) in clause (b), the words “and one-fourth of the” shall be… Read More »
Section 142 of Finance Act 2018 [Section 142 of Finance Act 2018 deals with Amendment of section 3 of Act 20 of 1953 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 3 142. In the Salary, Allowances and Pension of Members of Parliament Act, 1954 (30 of 1954) (hereafter referred to as the principal Act in… Read More »
Section 141 of Finance Act 2018 [Section 141 of Finance Act 2018 deals with Amendment of section 3 of Act 20 of 1953 and is covered in CHAPTER VIII MISCELLANEOUS] PART V AMENDMENTS TO THE SALARY, ALLOWANCES AND PENSION OF MEMBERS OF PARLIAMENT ACT, 1954 Commencement of this Part 141. Save as otherwise provided, the provisions of this… Read More »
Section 140 of Finance Act 2018 [Section 140 of Finance Act 2018 deals with Amendment of section 3 of Act 20 of 1953 and is covered in CHAPTER VIII MISCELLANEOUS] PART IV AMENDMENT TO THE SALARIES AND ALLOWANCES OF OFFICERS OF PARLIAMENT ACT, 1953 Amendment of section 3 of Act 20 of 1953 140. In the Salaries and… Read More »
Section 139 of Finance Act 2018 [Section 139 of Finance Act 2018 deals with Amendment of section 3A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 3A 139. In section 3A of the principal Act, in clause (b), in sub-clause (ii), for the words “twelve thousand rupees”, the words “twenty thousand rupees” shall be substituted. Finance… Read More »
Section 138 of Finance Act 2018 [Section 138 of Finance Act 2018 deals with Amendment of section 2 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 2 138. In section 2 of the principal Act, in sub-section (2), in clause (b), for the words “sixty thousand rupees”, the words “one lakh rupees” shall be substituted. Finance… Read More »